Realty Income rises 1.32% in thin pre-Christmas trading as analyst targets clash
Realty Income’s stock closed higher on the final trading day before Christmas, rising by 1.32% to $56.67. The gain came despite lighter-than-usual trading activity, with volumes nearly 60% below average. Analysts remain divided on the stock’s outlook, with recent updates from major banks offering mixed signals.
During the session, shares reached a peak of $56.74, building on the previous day’s close of $55.93. The stock now trades near its 50-day moving average of $57.71, still around 7.2% below its 52-week high. Trading volume was notably subdued, with only 2.4 million shares exchanged by mid-session.
Analysts have adjusted their views in recent weeks. Stifel raised its price target to $67.75 on December 16, maintaining a 'Buy' rating. Just days later, JPMorgan downgraded the stock to 'Underweight' with a $61 target. Mizuho followed by cutting its target to $60, keeping a 'Neutral' stance, while Morgan Stanley reaffirmed its 'Equal-Weight' rating on December 24. Royal Bank of Canada, however, lifted its target to $61 with an 'Outperform' recommendation. The current consensus target sits at approximately $62.23, implying modest upside from the latest closing price. Meanwhile, the company’s next monthly dividend of $0.27 per share is set for payment on January 15, 2026.
Realty Income’s stock ended the pre-Christmas session with a small gain, though trading remained thin. The mixed analyst ratings reflect differing expectations, with targets now ranging from $60 to $67.75. Investors will watch whether the stock can regain momentum in the new year.
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